XRP Rises Above $1 for First Time Since March 2018, Despite SEC Shadow
The XRP token's price continues to draw support from a community of loyal and devoted cryptocurrency traders.
The token used in Ripple Labs' payment network has climbed sixfold this year as some traders look through the SEC case and analysts see bullish patterns in price charts.
Bitcoin’s struggle to retest a key resistance level at $60,000 has “dampened” market sentiment, said one trader.
Bitcoin prices have doubled this year, but several major altcoins have risen by many multiples.
XRP has rallied by over 50% so far this week, for a market value of $37 billion.
David Schwartz also suggested rumors of a Coinbase relisting of XRP could account for the crypto’s recent rally.